When buying a distressed property you will likely will be dealing with a motivated seller and or bank. With recent market changes, many of these properties are selling quickly, as many investors and buyers are taking advantages of today’s incredible rates.
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For the most part listing agents (representing the bank or seller) are interested in having these homes off the market so they can begin the negotiation stage. There are times that you are able to purchase homes slightly below the market rate depending on strategy. Knowing whether or not a home in a certain area is located in an area where value retention is viable is something we can help you asses.

 

How do I know if I am a Distressed Seller?

At Skoglin Real Estate, we have assisted more than 90 clients in the most recent years with finding ways to create the best solutions for them. Having completed CDPE (Certified Distressed Property Expert) certification we are able to use our level of education and awareness of today’s “distressed market” to ease our clients worries with results. We create options for our sellers that may be in default (missed payments) or those that are facing challenges for them to stay in their home. There are various options through loan modifications and legal consulting that will help figure out what is the best path for your future. As always this information is always private and we pride ourselves to use upmost discretion. We understand that jobs transfers, illness, income changes and other factors are constantly issues that come up for our neighbors, friends and family and we are here to assist in figuring out what is truly the best next step.

 

Disadvantages of Purchasing a Distressed Property

Usually most assume that buying a distressed home you are going to get a great deal! That is not always the case. With inventory being so low, the San Diego market is changing. One of the biggest issues with buying a distressed home is the sale process. It’s sometimes not clear which lending institution actually owns a mortgage loan, and it can take time to get the bank to approve the sale. For the most part, homes in San Diego are in maintained condition, however, at times bank owned or foreclosed properties can be deemed “fixers”. For a list of all the active distressed homes for sale in San Diego please use our search icon below to browse. To find out more about how our experience representing distressed sellers and those buyers interested in learning more, please contact us.

 

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$750,000 - 5Br/4Ba -  for Sale in Hidden Meadows, Vista
$750,000
MLS# 200028401

2844 Asterwood Ln
Vista, CA 92081

Property Type: Detached
Offered by: Big Block Realty, Inc
$749,000 - 3Br/3Ba -  for Sale in Mt Helix, La Mesa
$749,000
MLS# 200020061

5094 Mesa Ter
La Mesa, CA 91941

Property Type: Detached
Offered by: Keller Williams Realty
$749,000 - 4Br/3Ba -  for Sale in Yorba Linda
$749,000
MLS# IV19265541

3769 Camino Cermenon
Yorba Linda, CA 92886

Property Type: Detached
Offered by: REALHOME SERVICES & SOLUTIONS
$745,000 - 4Br/4Ba -  for Sale in Fallbrook
$745,000
MLS# OC20024425

3855 Monserate
Fallbrook, CA 92028

Property Type: Detached
Offered by: California Short Sale Solution
$725,000 - 4Br/4Ba -  for Sale in Perris
$725,000
MLS# CV20020528

20540 Emelita Street
Perris, CA 92570

Property Type: Attached
Offered by: PREMIER REALTY GROUP SERVICES
$720,000 - 3Br/3Ba -  for Sale in Fallbrook, Fallbrook
$720,000
MLS# 200010323

3281 Reche Rd
Fallbrook, CA 92028

Property Type: Detached
Offered by: Big Block Realty, Inc.
$720,000 - 4Br/3Ba -  for Sale in Santa Ana
$720,000
MLS# PW20008880

3125 S Deegan Drive
Santa Ana, CA 92704

Property Type: Detached
Offered by: F1rst Home Real Estate
$699,900 - 4Br/4Ba -  for Sale in Eastlake, Chula Vista
$699,900
MLS# 200026259

1477 Old Janal Ranch Rd
Chula Vista, CA 91915

Property Type: Detached
Offered by: Coldwell Banker West
$699,000 - 4Br/4Ba -  for Sale in Woods Valley, Valley Center
$699,000
MLS# 200003475

14369 Sawgrass Circle
Valley Center, CA 92082

Property Type: Detached
Offered by: Big Block Realty
$699,000 - 4Br/4Ba -  for Sale in Brookside, Escondido
$699,000
MLS# 200019123

2399 Pine Valley Gln
Escondido, CA 92026

Property Type: Detached
Offered by: Big Block Realty, Inc
$699,000 - 5Br/2Ba -  for Sale in Huntington Beach
$699,000
New
MLS# LG20152043

18441 Goodwin Lane
Huntington Beach, CA 92646

Property Type: Detached
Offered by: Platinum Real Estate Group
$685,000 - 4Br/4Ba -  for Sale in Woods Valley, Valley Center
$685,000
MLS# 200030432

14393 Sawgrass Cir
Valley Center, CA 92082

Property Type: Detached
Offered by: Select Premier Properties
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